Northwood University (EIN 381624684) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Phone

9898374187

Tax Period

2023-07-01 to 2024-06-30

Northwood University, founded in 1959, is a mid-sized nonprofit in the Education sector that reported $83.3M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $76.1M left a modest 9% surplus.

Mission

Education-We Develop free-enterprise leaders who drive global economic and social progress

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,747,325

Program Service Revenue $63,138,247

Investment Income $7,805,171

Other Revenue $658,676

TOTAL REVENUE $83,349,419

Expense Breakdown

Grants Paid $18,685,306

Salaries & Benefits $29,204,507

Fundraising Expenses $3,848,037

Program Expenses $59,372,549

Other Expenses $28,236,117

TOTAL EXPENSES $76,125,930

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,349,419	$97,968,956	-0.1%
Expenses	$76,125,930	$70,039,784	+0.1%
Net Income	$7,223,489	$27,929,172	-0.7%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

888

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,619,856

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kent MacDonald	President & CEO	60.00	Officer	$775,325	$101,016	$876,341
Kristin Stehouwer PhD	Vice President	60.00	Officer	$298,655	$23,831	$322,486
Lisa Fairbairn	Dean of RDGSM	60.00		$200,751	$27,593	$228,344
Brian S McLeod	Vice President	60.00	Officer	$191,138	$19,654	$210,792
Justin Marshall	Chief Development & Engagement	60.00		$187,270	$23,136	$210,406
Muray Kyte	Vice President	60.00	Officer	$190,709	$19,528	$210,237
Matthew Bennett	Administration	60.00		$182,741	$26,928	$209,669
Susan Poli-Smith	Administration	60.00		$188,610	$13,049	$201,659
Thomas Litzinger	Executive Director	60.00		$180,445	$19,236	$199,681
Lorne Thomas	Administration	60.00		$143,579	$21,687	$165,266
Rachel Valdiserri	Senior Communications Officer,	60.00		$139,088	$18,497	$157,585
Timothy G Nash	Di., McNair Ctr, Strategic Alliance	30.00		$113,187	$6,254	$119,441
Rick Guirlinger	Trustee	0.00	Director	$0	$0	$0
Robert C Jamerson	Trustee	0.00	Director	$0	$0	$0
Michael Stanton	Trustee	0.00	Director	$0	$0	$0
Sandy Schwartz	Trustee	0.00	Director	$0	$0	$0
Jason R Brickl	Trustee	0.00	Director	$0	$0	$0
Mary Ellen George-Hess	Trustee	0.00	Director	$0	$0	$0
Edward J McBrien	Trustee	0.00	Director	$0	$0	$0
Ken Lingenfelter	Trustee	0.00	Director	$0	$0	$0
Daniel G DeVos	Trustee	0.00	Director	$0	$0	$0
Robert Grubb	Trustee	0.00	Director	$0	$0	$0
Jennifer T Panning	Trustee	0.00	Director	$0	$0	$0
Steve Madincea	Trustee	0.00	Director	$0	$0	$0
James Mestdagh	Trustee	0.00	Director	$0	$0	$0
Gary Short	Trustee	0.00	Director	$0	$0	$0
Graham Williams	Trustee	0.00	Director	$0	$0	$0
Rob Wilson	Trustee	0.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$83,349,419	$76,125,930	$267,602,500	$7,223,489
2023	$97,968,956	$70,039,784	$254,966,317	$27,929,172
2022	$83,695,631	$70,059,317	$223,672,132	$13,636,314
2021	$75,137,729	$64,200,955	$235,004,653	$10,936,774
2020	$67,719,695	$77,545,609	$206,640,197	$-9,825,914
2019	$86,181,812	$75,465,833	$220,726,404	$10,715,979
2018	$70,430,025	$71,934,166	$203,257,987	$-1,504,141

Northwood University